Deutsche Bank taps Taurus for global crypto custody services
Deutsche Bank is set to offer customers cryptocurrency custody options through a partnership with cryptocurrency infrastructure platform Taurus. The German bank was one of a handful of company’s to invest in a $65 million, series B fundraising round for Taurus in Feb. 2023. The company offers enterprise-grade infrastructure to issue, manage custody and trade crypto currencies, tokenized assets, nonfungible tokens (NFTs) and other digital assets. According to Taurus co-founder Lamine Brahimi, the partnership underwent a "thorough and very detailed" due diligence process before the German bank decided to use its infrastructure services: "It started, end of 2021 and ended somewhere in 2022. We won the deal a couple of quarters ago." As Cointelegraph previously reported, Deutsche Bank has been brewing plans to offer cryptocurrency custody and trading services to its clients over the past three years. The bank most recently applied for a digital asset custody license ...